Peterborough claim they have had an ambitious £1 million offer for MK Dons striker Izale McLeod turned down.
Posh are trying to exercise their new-found financial muscle following Darragh MacAnthony's takeover and had targeted the promising striker who has also attracted interest from Norwich City and Wolverhampton Wanderers in the past.
McLeod has hit seven goals in League Two this season and his impressive form pressed Posh into tabling a huge seven-figure offer for his services, with payments to be spread out over three years.
However the Milton Keynes-based outfit had no desire to let their in-form striker depart to a league rival.
"The club made an offer of £1 million but MK Dons chairman Pete Winkelman turned it down," Posh director of football Barry Fry told the club's official website.
Change continues apace at London Road with midfielder Paul Carden leaving after having his contract cancelled by mutual consent.
The former Chester City man was struggling with a lengthy commute and had been out of Keith Alexander's first team plans, so the club opted to allow him to leave for 'humane reasons'.
"It is with much regret that I announce the cancellation by mutual consent of Paul Carden's contract," said Fry.
"Because of personal reasons this cancellation has been agreed by both parties.
"Paul has been a great servant to this football club in the short period of time he has been here."
Carden will be unable to sign for a new side until the opening of the transfer window and the 27-year-old will now be looking to find a club that can offer him regular first team football.
"The new manager has come in and he has his own ideas and I have to respect that," stated Carden.